Global fumed silica sales were likely to surpass 335,000 mt in 2018, up from 323,733 mt in 2017, according to a new Fact.MR study. Gains are expected to be driven by sustained demand in end-use industries such as adhesives, printing inks and coatings.
Increasing demand for water-based coatings for industrial and architectural application reportedly continues to be a driver for the market. Moreover, demand for silicone rubber is increasing in the automotive sector to improve fuel efficiency, thereby accelerating the growth of fumed silica market.
The demand for hydrophobic fumed silica is likely to grow at a significant rate in the future, according to the study.
“The fumed silica market is likely to see the highest growth in the sales of hydrophobic fumed silica in the coming years. The hydrophobic fumed silica is anticipated to see a huge demand, particularly in coatings and in personal care products. The hydrophobic fumed silica is likely to exceed $500 million by 2018 end,” said a senior analyst at Fact.MR.
For more information, visit www.factmr.com.
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